Berkadia Arranges $13.5M Refinance Loan for Self Storage Portfolio in Michigan

FARMINGTON HILLS AND DETROIT, MICH. — Berkadia has arranged a $13.5 million CMBS loan for EZ Storage, a portfolio of 1,108 self-storage units throughout Detroit and Farmington Hills. The 10-year, fixed-rate refinancing loan features a 30-year amortization schedule. Terry Halverson of Berkadia arranged the loan.